Asset Management One Co. Ltd. increased its position in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 12.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 140,681 shares of the energy company’s stock after buying an additional 15,067 shares during the quarter. Asset Management One Co. Ltd. owned about 0.05% of Cheniere Energy worth $9,627,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in LNG. San Francisco Sentry Investment Group CA raised its holdings in Cheniere Energy by 130.7% during the second quarter. San Francisco Sentry Investment Group CA now owns 489 shares of the energy company’s stock worth $33,000 after purchasing an additional 277 shares in the last quarter. Quad Cities Investment Group LLC purchased a new position in Cheniere Energy during the second quarter worth about $36,000. Manchester Financial Inc. acquired a new position in Cheniere Energy during the second quarter worth about $38,000. Berman Capital Advisors LLC grew its position in Cheniere Energy by 125.3% during the first quarter. Berman Capital Advisors LLC now owns 579 shares of the energy company’s stock worth $39,000 after buying an additional 322 shares during the period. Finally, Lee Financial Co acquired a new position in Cheniere Energy during the second quarter worth about $41,000.
Shares of NYSEAMERICAN LNG traded up $1.32 during midday trading on Friday, reaching $62.66. The company’s stock had a trading volume of 1,679,142 shares, compared to its average volume of 1,777,780. Cheniere Energy, Inc. has a one year low of $55.09 and a one year high of $70.60.
Cheniere Energy (NYSEAMERICAN:LNG) last issued its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.44) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.59). The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period last year, the firm earned ($0.07) EPS. The company’s revenue was up 48.5% compared to the same quarter last year.
Several analysts have recently commented on LNG shares. Morgan Stanley reiterated an “equal weight” rating and issued a $74.00 price target on shares of Cheniere Energy in a research report on Friday, September 20th. Zacks Investment Research lowered shares of Cheniere Energy from a “hold” rating to a “sell” rating and set a $68.00 price target on the stock. in a research report on Thursday, September 12th. Finally, BTIG Research initiated coverage on shares of Cheniere Energy in a research report on Tuesday, July 16th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Cheniere Energy has a consensus rating of “Buy” and a consensus target price of $75.43.
About Cheniere Energy
Cheniere Energy, Inc, an energy company, engages in the liquefied natural gas (LNG) related businesses in the United States. The company owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas. It also owns Creole Trail pipeline, a 94-mile pipeline interconnecting the Sabine Pass LNG terminal with various interstate pipelines; and operates Corpus Christi pipeline, a 23-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.
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